The law firm of Woody Law Offices, P. C. can provide you with high quality legal representation that provides for timely and cost efficient estate planning. Woody Law Offices, P. C. will be able to provide with the answers to important questions in your life or business in order to better evaluate what tools would be most effective for you.

What is Estate Planning?

Estate planning allows an individual to control his/her assets. It provides for efficient transfer of an individual's wealth upon death and also provides for someone's specific wishes to be fulfilled. Estate planning attempts to eliminate uncertainties over the administration of an estate by reducing taxes and other expenses. Estate planning passes on your wealth to whom you want it to go, when you want them to have it, the way you want them to have it and at the lowest possible cost with the maximum protection from lawsuits and waste.

What is Elder Law?

Elder law is a specific area in estate planning that focuses on the needs of the elderly. It is important that the legal, financial, social and health care needs of the elderly are met.

When is it time to review your Estate Plan?

It is suggested that you review your estate plan approximately every 5 years or when there has been a significant change in your life circumstances. Some examples would be if you get married or divorced, had a child or acquired new assets.

Who needs an Estate Plan?

Whether you are young or old, married or single, a parents or you have no children, you should invest in an estate plan. There is a lot to be gained and more can be lost if you don't have one. Even if you are young and have limited financial assets, but have minor children, you definitely should have a Will in which you name a guardian of your children if you pass prior to their attaining the age of 18.